Skip to main content

About your Search

20121108
20121116
Search Results 0 to 3 of about 4
of the regulatory environment, this so-called systemically important financial institutions, too big to fail. you are part of one of those. the fed came out with new capital buffers. jpmorgan and citigroup seem to be -- they are at the top of the list in internships of the buffers, the amount of capital that you are supposed to hold. you have to hold a 2.5% buffer while most other banks have a 1.5% buffer. every time we talk about jpmorgan, people say the fortress balance sheet. you're the strongest bank out there. why is it you have to have a 2.5% buffer when everyone else has a 1.5% buffer? >> anywhere from 0 to 2.5. banks are all different levels. i believe in capital. i believe in liquidity. i think our balance sheet is a fortress balance sheet right now. i never said we actually need the capital. regulators and politicians deemed that has to be necessary. it is what it is at this point. the way it gets calculated is peculiar. if you dig in the calculation, i don't agree with with the way they do that either. it actually penalizes successful companies. it penalizes trade finance. it penalizes
's your take? >> i think those numbers are actually not that bad considering it's been a tough environment. on the bottom line, two cents better shows that the company's actually operating a little better. the issue, really, is related to the stock, which is underperformed so far. it's down 6% last year. down 6% again this year. operationally, they are doing a better job. they also boosted their dividend. when we talk to investors, there seems to be a buyer strike at the moment. investors are concerned about networking and whether that entire market can become monetized and cisco's margins will be decreased. i think what's more important are the details of whether cisco can convince investors that the company can compete in an environment which is becoming increasingly software centric. >> now, you know that gross margins have slid over the past few years. what would signal a reversal in that trend? >> that's a good point. at its peak, gross margins were about 70%. last quarter, they were about 62%. i think more software, better products, and better engineersiengineering of a lot of these
a minute, we're talking about higher taxes. we're talking about a high regulatory environment. who the heck knows what happens over the near term on the fiscal cliff. is it more prudent to stay on the sidelines? you want to look for specific situations? >> let's assume they're in. they're not traders. we're an advisory conference. they're in the market. i think to sell here, to just get nervous, panic, see what's on the news and to throw it in is not prudent. we're coming into thanksgiving. you have good seasonality. i think we get a lift. when we get a lift, if you are this person who says i need to take some risk off the table, that's when you do it. so if you're looking to go into 2013 and you are uncertain, as i am, i think we have a lot fourth go down. so if you're a trader, i think you can trade this to the up side. if you're a longer term investor, you get a pop, you take some off the table and you re-evaluate like in six months. >> that's the strategy. wait for a gain so you're not selling out at the bottom here. >> i think selling in the red today is not prudent. >> okay. dan, let
do them. based on what we think the macroeconomic environment is going to do. >> so you were at that meeting at the white house this week. you joined a number of ceos at the white house yesterday. did the president give you hope that layoffs can be avoided at aetna? how was that meeting? >> i thought the meeting was a very constructive, very frank and open dialogue. i was impressed with the level and the grasp of the issues that the president had and his willingness to listen to american business about the ways that we needed to solve this problem. i think there is is a path to get this done. it's not going to get all done before the end of the year. but i think our message to the president was we're here to support you if you can avoid the cliff and put together a very specific framework on how we're going to get the economy going. because going over the cliff creates more joblessness. and if we can avoid that, we still don't grow the economy in 2013, so we need to show the business community, and quite frankly, all americans, that we have a plan to deal with this deficit so
Search Results 0 to 3 of about 4